SBI Clerk Salary Structure, Allowances, Perks, Pay Scale and CTC

Today I am going to tell you about the SBI Clerk salarystructure, allowances, perks, pay scale and CTC after the wage revision. Almost every year State Bank of India announces thousands of vacancies in clerical cadre. SBI clerk is one of the good career options if you are looking for Bank Jobs.

State Bank of India being the largest Bank of the country pays a decent salary to its Clerk. Before telling you about the SBI Clerk Salary there are a few important points which I want to tell all of you. The initial salary of a SBI Clerk may not appear very attractive but over a period there are substantial rise in the salary. Apart from the salary there are attractive perks as well as facilities available for a SBI Clerk. Aspect of job security and regulated working hours is another attractive feature of the job which cannot be ignored. Further, there are very few transfers in SBI clerical cadre hence there is an element of stability. In case of officers there are frequent transfers and the life of an officer in banks is very disturbed because of frequent transfers.

So when you are looking for a career of clerk in SBI you should take a holistic view. Salary should not be the only criteria for this job. You must also consider the aspects which I discussed in the second para of the article.

SBI Clerk Salary and perks

Now I am providing you details of SBI Clerk Salary and perks.

Pay Scale: In government jobs there is a concept of pay scale. The pay scale of a SBI clerk is Rs. 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1-31450. It means that the starting basic salary of a SBI clerk is Rs. 11765 thereafter there will be annual increments.

I would like to explain this pay scale as many students may find it difficult to understand. You can see that the starting basic salary is Rs 11765.00, thereafter there will be 3 annual increments of Rs. 655 and after 3 years the basic salary will become Rs 13730. If you have a close look at the pay scale you will see that there will be 20 annual increments and after 20 years the basic salary will become Rs 31450.00. However there are wage revisions in banks after every 5 years therefore pay scale will keep on changing over the years.

SBI Clerk Salary structure can be further explained as under:-

Basic Pay: Rs 11765.00

Special Allowance: Rs 911.00

Dearness Allowance: Rs 7694.00 (@60.7%)

HRA: Rs 1200.00 (approx)

Other various perks and allowances: Rs 3500.00

Gross Salary: Rs. 25000.00 (approx)

Other Benefits to SBI Clerk

As I told you that salary is only one part of the story. There are various other benefits which are available to SBI clerk. I am explaining here various benefits available to a SBI Clerk. Apart from the salary and allowance SBI clerk is entitled for about 45 leaves per annum such as privilege leave, casual leave etc. Privilege leaves get accumulated and from time to time one can encash it.

SBI clerk is also entitled for medical facility for self and family members as per the Bank’s norms. Facility of LFC and HTC are also available to a SBI Clerk. Facility of provident fund, pension, gratuity etc. is also available for SBI clerk. SBI clerk will also get concessional loans as a staff member and get higher rates on deposits. SBI clerk can also appear in promotional exam and can become officer just after 3-4 years of salary. Once you become officer you will be as good as a Probationary Officer.

Disclaimer: Due care has been taken while publishing information about SBI clerk salary. However please cross check the details from official website. Publishers are not responsible for any kind of discrepancy.